THOMAS NELSON BOARD VOTES TO
TAKE COMPANY PRIVATE
NASHVILLE, TN, February 21, 2006. Thomas Nelson (NYSE: TNM) announced today that it has entered into a definitive agreement to go private in a transaction led by InterMedia Partners VII, LP on behalf of itself and its managed funds and together with certain co-investors. Under the terms of the agreement, each outstanding share of Thomas Nelson common stock and Class B common stock will be converted into the right to receive $29.85 in cash, representing a premium of 21% over the closing price of the common shares and 21.8% over the closing price of the Class B common shares on the New York Stock Exchange on Friday, February 17, 2006. The total consideration to be paid to Thomas Nelson stockholders and option holders is approximately $473 million.

Thomas Nelson, based in Nashville, Tennessee, is a leading publisher and distributor of products emphasizing Christian, inspirational and family value themes and believes it is the largest English-language publisher of Bibles and inspirational products and one of the ten largest publishers overall.

In 2002, Mr. Hindery was inducted into the Hall of Fame of the Minority Media & Telecom Council, received the Oates-Shrum Leadership Award of the Gay & Lesbian Victory Fund, and was named a Founder of the Society of Jesus (Jesuits).

If this deal goes through, three guesses as to the type of literature one of the largest Christian publishers in the world will be producing in the Name of Jesus Christ. </font><blockquote>quote:</font><hr />

Originally posted by Boanerges:

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Thanks LE. First Zondervan and Murdock, and now this. If the foundations are destroyed, how will the righteous stand? The Word is foundational. </font>[/QUOTE]Originally posted by C4K:

I missed where the article said Satan was going to control Thomas Nelson Publishers. Is this the correct thread?

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Be sober, be vigilant; because your adversary the devil, as a roaring lion, walketh about, seeking whom he may devour: (1 Peter 5:8)

Of course, the article isn't going to say "Satan to control Thomas Nelson Publishing"--1 Peter 5:8 says it all.

Satan controls Thomas Nelson because one managing partner received an award from a gay group.

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Er...not yet. The stockholders are upset according to reports. The deal hasn't gone through yet. It's not too late to write Thomas Nelson (at the link posted above, under contact) and voice your concerns.

Sorry, C4K, you and I will just have to agree to disagree on this one. And yes, Satan does control the war in Iraq apparently, from what I'm reading in the news.

Maybe I should have titled the thread: "Selling out to Satan...." a better choice of words, perhaps.

Moderator

Only in the most general sense, C4K. Nelson was a public company, which means that any pagan, apostate or antichrist was free to own stock in the company and, ultimately, decide how it was run.

The influence of Hindery remains to be seen. Investors tend not to deliberately kill the goose that lays the golden egg, though it's been done. I would suppose that if Nelson no longer prints the Bibles that people want, people will stop buying them.

He's also a former NASCAR driver: Can we assume that Nelson will introduce a line of Moonshine-and-Cleavage Bibles?

Originally posted by rsr: Only in the most general sense, C4K. Nelson was a public company, which means that any pagan, apostate or antichrist was free to own stock in the company and, ultimately, decide how it was run.

The influence of Hindery remains to be seen. Investors tend not to deliberately kill the goose that lays the golden egg, though it's been done. I would suppose that if Nelson no longer prints the Bibles that people want, people will stop buying them.

He's also a former NASCAR driver: Can we assume that Nelson will introduce a line of Moonshine-and-Cleavage Bibles?

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I suspect that the Moonshine and Cleavage Bibles would become very popular.

Moderator

Zondervan (which publishes the NIV) is a part of HarperCollins, which is owned by Rupert Murdoch's News Corporation. Apparently the guy who gives us the Truth on Faux News can't be trusted to sell Bibles.

I think we give Satan far too much credit, and handcuff the Lord Jesus more than we can. The Lord is still on His throne and in control. If we spent as much time honouring Him as we like to give to commercial ventures, we would enjoy more fruit for our labours.

Originally posted by Jim1999: I think we give Satan far too much credit, and handcuff the Lord Jesus more than we can. The Lord is still on His throne and in control. If we spent as much time honouring Him as we like to give to commercial ventures, we would enjoy more fruit for our labours.